Property Overview
This well-situated one-storey home at 87 Northcliffe Drive in Canterbury Park presents a practical opportunity. Built in 1984, its key features include a renovated basement and a detached garage. With 900 sqft of living space on a 3,000 sqft lot, it offers a manageable scale for downsizers or first-time buyers. The home’s appeal lies in its established, quiet neighbourhood and its recent basement update, which adds functional living space. It particularly suits buyers looking for a low-maintenance property without a major renovation project, or investors seeking a straightforward rental property in a stable area. A thoughtful perspective is that while the living area is modest, the renovated basement effectively expands the usable space, offering better value than the main floor square footage alone might suggest.
Frequently Asked Questions
1. How does the lot size compare to others?
The 3,000 sqft lot is very close to the average for Northcliffe Drive itself, but is below the average lot size for both the broader Canterbury Park neighbourhood and the city of Winnipeg. This indicates a fairly standard yard for the immediate street.
2. Is the assessed value a reliable indicator of the sale price?
The home last sold in 2019 for $26,500 and is currently assessed at $33,100. While assessments provide a municipal valuation for tax purposes, sale prices are determined by the market. The assessed value can be a benchmark, but recent comparable sales are a more direct guide to current market value.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, the presence of proper permits, and whether it includes a bedroom, bathroom, or simply finished living space.
4. Who would this home not be suitable for?
Given its single-storey layout and smaller living area, it may not suit a growing family needing multiple bedrooms and abundant space. It might also be less ideal for buyers seeking a large, expansive yard or a brand-new, turn-key property without any updates.
5. How does the age of the home affect its condition?
Built in 1984, the home is of an age where major components like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespan. While the basement is renovated, a thorough inspection is recommended to budget for potential updates to these core systems.